Swedish co IKEA to invest Rs. 3,000 crore in Maharashtra.

Swedish furniture retailer IKEA said it will invest Rs. 3,000 crore in Maharashtra to set up multi-format stores as well as experience centres.

The company said it will start online retailing beginning 2019.

“We will be investing Rs. 3,000 crore over the long-term to set up multi-format stores and experience centres,” said Patrik Antoni, Deputy Country Manager, IKEA India.

The Navi Mumbai store of IKEA is expected to be operational by 2019.

HBL